Pool (NASDAQ:POOL) Announces Earnings Results, Misses Estimates By $0.02 EPS

Pool (NASDAQ:POOL) released its earnings results on Thursday. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02), Briefing.com reports. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $2.46 EPS. Pool’s revenue was down 7.1% compared to the same quarter last year. Pool updated its FY 2024 guidance to 13.000-14.000 EPS and its FY24 guidance to $13.19-14.19 EPS.

Pool Stock Up 0.3 %

POOL opened at $371.17 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.58. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The business has a 50-day moving average of $392.78 and a two-hundred day moving average of $373.76. Pool has a 12 month low of $307.77 and a 12 month high of $422.73.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio is presently 34.43%.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on POOL shares. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 target price on shares of Pool in a report on Tuesday, March 5th. Oppenheimer lifted their price target on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and lifted their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $397.80.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.